Research analysts who have asked questions during DEUTSCHE BANK AKTIENGESELLSCHAFT earnings calls.
LS
Lee Street
Citigroup
5 questions for DB
Also covers: BCS
RS
Robert Smalley
Verition Fund Management LLC
5 questions for DB
Also covers: BCS, NWG
Dan David
Wolfpack Research
3 questions for DB
Also covers: MCY
AC
Andrew Coombs
Citigroup
2 questions for DB
Also covers: ATMP, BCS, HSBC +3 more
AR
Anke Reingen
RBC
2 questions for DB
Also covers: BNPQY, CRARY, ING +2 more
CH
Chris Hallam
Goldman Sachs Group Inc.
2 questions for DB
Also covers: ATMP, BCS, BNPQY +4 more
Daniel David
Autonomous Research
2 questions for DB
Also covers: BCS, NWG
FB
Flora Bocahut
Barclays
2 questions for DB
Also covers: BNPQY, CRARY
JS
Jeremy Sigee
BNP Paribas
2 questions for DB
Also covers: JBAXY, UBS
KA
Kian Abouhossein
JPMorgan Chase & Co.
2 questions for DB
Also covers: HSBC, JBAXY, UBS
MN
Máté Nemes
UBS
2 questions for DB
Also covers: JBAXY
MC
Matthew Clark
Piper Sandler
2 questions for DB
Also covers: AVBH, BANC, BMRC +23 more
Nicolas Payen
Kepler Cheuvreux
2 questions for DB
Also covers: JBAXY
Stefan Stalmann
Autonomous Research
2 questions for DB
Also covers: CRARY, JBAXY, UBS
Thomas Hallett
Keefe, Bruyette & Woods
2 questions for DB
Also covers: UBS
Giulia Aurora Miotto
Morgan Stanley
1 question for DB
Also covers: BNPQY, CRARY, ING +1 more
Giulia Miotto
Morgan Stanley
1 question for DB
Also covers: CRARY, ING, UBS
TE
Tarik El Mejjad
Bank of America
1 question for DB
Also covers: BNPQY, CRARY, ING
Recent press releases and 8-K filings for DB.
Deutsche Bank Sets New 2028 Financial Targets and Strategic Outlook
DB
Guidance Update
Share Buyback
Dividends
- Deutsche Bank has set a new medium-term Return on Tangible Equity (RoTE) target of 13%+ by 2028 and a cost-income ratio target of below 60% by 2028.
- The bank aims for EUR 5 billion in revenue growth between 2025 and 2028, with EUR 2 billion expected from Germany through better exploitation of its home market and benefiting from stimulus programs.
- Deutsche Bank plans to increase capital distribution to shareholders with a 60% payout ratio, balancing dividend increases with higher share buybacks, and expects to be sustainably above a 14% Common Equity Tier 1 (CET1) ratio.
- The company anticipates year-over-year improvement in RoTE, with 2026 expected to be better than 2025, despite increased investments in business growth and operational efficiencies.
Nov 20, 2025, 9:30 AM
Deutsche Bank Updates Strategy and Financial Targets to 2028
DB
Guidance Update
New Projects/Investments
Share Buyback
- Deutsche Bank has set a new Return on Tangible Equity (RoTE) target of 13% plus by 2028, evolving its strategy to "scaling the global house bank". This builds on its previous 10% RoTE target for 2025, which the bank is on track to achieve.
- The bank aims for a cost-income ratio below 60% by 2028, supported by EUR 2 billion in gross efficiencies. Investments are now primarily directed towards business growth and operating efficiency, rather than regulatory remediation.
- A 60% payout ratio target has been set, with a mix of dividends and share buybacks. Dividends are expected to increase, including a planned 50% increase for 2025, with buybacks comprising a larger share of future distributions.
- The bank is focusing on growth in asset gathering, particularly in the private bank and asset management, and better exploiting its client base in Germany, including mid-caps and benefiting from stimulus programs. The SVA (Shareholder Value Added) methodology is being implemented to optimize capital allocation, aiming to increase SVA by EUR 1 billion each in the Private Bank, Corporate Bank, and Investment Bank by 2028.
Nov 20, 2025, 9:30 AM
Deutsche Bank Outlines Strategic Growth, Efficiency, and Capital Allocation Plans
DB
Guidance Update
Dividends
Share Buyback
- Deutsche Bank is focusing on asset gathering in its private bank, asset management, and corporate bank, particularly in the pension and investment business in Germany, aiming for growth in capital-light areas.
- The company is investing heavily in operational efficiencies and client experience, with 70-80% of investments directed towards business growth and operating efficiency, including a digital investment platform and an AI-dominated credit process.
- Deutsche Bank expects a Return on Tangible Equity (RoTE) above 10% in 2025, with year-over-year improvement through 2028, and aims for a cost-income ratio below 60% by 2028.
- The bank plans a 60% payout ratio to shareholders, balancing increased dividends with higher share buybacks, and expects to maintain capital sustainably above 14%.
- Management is confident in delivering a RoTE larger than 10% for the current year, despite the fourth quarter typically being weaker, and expects continued operating momentum into 2026.
Nov 20, 2025, 9:30 AM
Deutsche Bank Negotiates Sale of India Retail and Wealth Management Businesses
DB
M&A
Guidance Update
- Deutsche Bank is actively negotiating the sale of its retail and wealth management businesses in India, with Kotak Mahindra Bank and Federal Bank as the leading contenders.
- The potential sale, which includes assets estimated at approximately ₹25,000 crore, is part of Deutsche Bank's global restructuring strategy aimed at improving profitability.
- As of March 2025, Deutsche Bank's Indian retail unit generated ₹2,455 crore in revenue and held ₹25,038 crore in retail assets.
- The bank aims to increase revenue to €37 billion by 2028 and reduce its cost-to-income ratio below 60% as part of its profitability goals.
Nov 20, 2025, 5:55 AM
Deutsche Bank Announces New Growth Phase and Financial Targets for 2028
DB
Guidance Update
Dividends
Revenue Acceleration/Inflection
- Deutsche Bank has announced a new phase of growth and value creation, setting financial targets for 2028, including a Return on Tangible Equity (RoTE) target of greater than 13% and a cost/income ratio target of below 60%.
- The bank plans to increase its payout ratio to shareholders to 60% from 2026, up from the current target of 50%.
- Deutsche Bank targets compound annual revenue growth of above 5%, with revenues projected to rise from approximately €32 billion in 2025 to around €37 billion in 2028.
Nov 17, 2025, 5:56 PM
Deutsche Bank Announces Ambitious 2028 Financial Targets
DB
Guidance Update
Dividends
Layoffs
- Deutsche Bank has announced new financial targets for 2025 to 2028, aiming to raise its return on tangible equity to over 13% by 2028, target annual revenue growth above 5% to reach 37 billion euros, and reduce its cost-to-income ratio to below 60%.
- The bank plans gross cost savings of about 2 billion euros by 2028, which may involve staffing adjustments, as part of its effort to improve cost efficiency.
- From 2026 onward, Deutsche Bank will increase its payout ratio to 60% of net profit, up from the current 50%, with additional shareholder distributions possible.
- Outgoing CFO James von Moltke confirmed that Deutsche Bank is on track to achieve its 2025 financial targets, including a return on equity of more than 10%, revenues around 32 billion euros, and pre-tax profit around 10 billion euros.
Nov 17, 2025, 1:10 PM
Deutsche Bank Outlines Strategic Plan and Financial Targets Through 2028
DB
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Deutsche Bank announced its strategic plan and financial targets through 2028, aiming to move from defense to offense and become the European champion.
- Key group-level financial targets for 2028 include a Return on Tangible Equity (RoTE) of greater than 13%, a revenue kicker above 5%, and a cost-income ratio below 60%.
- The bank expects to generate EUR 5 billion in incremental revenues by 2028, increasing overall revenues from EUR 32 billion to around EUR 37 billion, with significant contributions from the Private Bank, Corporate Bank, and Asset Management.
- Divisional targets for 2028 include an 8% revenue compound annual growth rate for the Corporate Bank and 5%-6% compound annual growth for the Private Bank's revenues.
- Deutsche Bank plans to maintain a CET1 operating level between 13.5%-14% and intends to return any capital sustainably above 14% to shareholders.
Nov 17, 2025, 1:00 PM
Deutsche Bank Outlines Strategic Path and Financial Targets Through 2028
DB
Guidance Update
New Projects/Investments
Dividends
- Deutsche Bank has transformed into a "Global Housebank," expecting EUR 32 billion in revenue for 2025 and achieving approximately 6% compound annual revenue growth since 2021.
- The bank targets a Return on Tangible Equity (ROTE) of more than 13% and a cost-income ratio of below 60%. Its CET1 ratio is expected to be around 14% by the end of 2025.
- Shareholder distributions are projected to exceed EUR 8 billion for 2021-2025, including an expected EUR 1 dividend per share next year and additional share buybacks, with a target payout ratio of 60%.
- Operational efficiencies include a EUR 2.5 billion cumulative cost takeout by year-end and a projected EUR 1 billion lower cost base in 2025 compared to 2021. Strategic investments of EUR 1.6 billion over three years are expected to yield $2 billion in return.
- The Private Bank aims for EUR 1 trillion in client assets by 2028 with 5%-6% annual revenue growth , while the Corporate Bank targets an 8% revenue CAGR through 2028. DWS aims for a cost-income ratio below 60% and 10% CAGR in pre-tax profit through 2028.
Nov 17, 2025, 1:00 PM
Deutsche Bank Outlines Strategic Plan and Financial Targets Through 2028
DB
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- Deutsche Bank aims to achieve a Return on Tangible Equity (ROTE) of greater than 13% by 2028, accelerating from above 10% in 2025. This will be supported by an increased payout ratio to 60% from 2026.
- The bank targets annual revenue growth of more than 5% compound per year, expecting to increase annual revenues by approximately EUR 5 billion by 2028. Around 75% of this growth is anticipated from asset gathering, payments, and advisory.
- Deutsche Bank plans to reduce its cost-income ratio to below 60% by 2028. This will be driven by a further EUR 2 billion in gross annual efficiencies and strategic investments of EUR 1.5 billion in technology, AI, and business growth.
- The Corporate Bank specifically targets an 8% revenue compounded annual growth rate, a cost-income ratio of less than 55%, and over 20% return on tangible equity by 2028. The Investment Bank expects over EUR 1 billion in annual revenue growth and over EUR 120 million in cost efficiencies by 2028.
Nov 17, 2025, 1:00 PM
King US Bidco, Inc. Prices €750 Million Floating Rate Senior Secured Notes
DB
Debt Issuance
M&A
New Projects/Investments
- King US Bidco, Inc. priced €750,000,000 in aggregate principal amount of Floating Rate Senior Secured Notes due 2032 at an issue price of 100.000%.
- The Notes will bear interest at a rate equal to the three-month EURIBOR (with a floor of 0%) plus 3.25% and are expected to close on December 1, 2025.
- Proceeds from the offering will be used to fund the acquisition of Kelvion Thermal Solutions Holding GmbH and Mangrove GermanCo I GmbH, redeem €525.0 million of existing senior secured floating rate notes, repay existing facilities, and cover transaction costs.
- King US Bidco, Inc. will be indirectly owned by investment funds managed by Apollo Global Management, Inc. and Triton Investments Advisers LLP.
Nov 12, 2025, 8:16 PM
Quarterly earnings call transcripts for DEUTSCHE BANK AKTIENGESELLSCHAFT.
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